Thursday, April 25, 2013

Technical Analysis Apr 2013: SUPERMX (7106)


Observation From Chart:-

SUPERMAX succeed break through descending triangle.

How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

If able break through RM2.14 level, higher high been formed.

Immediate support @ RM2.00 which is MA200 / MA20 level.
Subsequent support @ RM1.95 which is MA100 level.

Let's watch closely

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